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While a tentative date for The Merge has been pencilled in by developers, and even though it’s quite possible it could be delayed once again, Ethereum’s hashrate has dropped 26.26% during the last 45 days. 18.21% of the hashrate loss took place after June 30, as Ethereum’s global hashrate slipped from 1,190 terahash per second … Read more
For Bitcoin energy usage to increase to absorb more of the world’s waste energy, its market cap would end up being $420 trillion, calculates Sjors Provoost. Go to Source Powered by WPeMatico
Bitcoin rebounds strongly off the weekly close, but for BTC miners, it may be a case of “too little too late.” Go to Source Powered by WPeMatico
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners … Read more
Forced selling from Bitcoin miners raises concern about BTC price, but the use of renewable energy and the oil and gas industry’s growing interest in BTC are longterm positives. Go to Source Powered by WPeMatico
The 200-week moving average could see another test from the bulls next, according to signals from exchange order book composition. Go to Source Powered by WPeMatico
European Central Bank researchers anticipate a clash between the green transition policies and Bitcoin investors. Go to Source Powered by WPeMatico
It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network. Go to Source Powered by WPeMatico
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford. Go to Source Powered by WPeMatico
On Thursday, the publicly-listed bitcoin mining firm Cleanspark announced that it added 93 petahash per second (PH/s) of hashpower to the company’s existing operations by acquiring 1,061 Whatsminer M30S bitcoin mining rigs. The latest ASIC acquisition follows Cleanspark’s recent purchase contract to buy 1,800 Antminer S19 XP units for “an exceptionally discounted price.” Cleanspark Purchases … Read more